NDRC: China's coal stocks at power plants exceed 110 million tonnes as of Nov 2 vs 100 million tonnes on Oct 29.
#China #coal
China's NDRC: Coal stocks at power plants about 31 mln tonnes higher than end-Sept, and 6 mln higher than on Oct 29.
#China #coal
China's NDRC says rapid increase in coal stocks at power plants will effectively meet demand for coal for power generation and heating in winter.
#China #coal
#China's NDRC: China's daily #coal output reaches 11.67 million tonnes on Nov 2, second highest this year, up 1 million tonnes from early Oct. Expects China's daily coal output to exceed 12 million tonnes as measures to increase production and supply continue to take effect.

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More from @Sino_Market

3 Nov
#OOTT | #EIA weekly data
#Crude stocks +3.290M
#Gasoline stocks -1.488M
#Distillate stocks +2.160M
#Cushing stocks -0.916M
#OOTT | #EIA: US East Coast crude oil imports rise 40%.
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3 Nov
US Treasury cuts size of quarterly refunding auctions by $6b to $120b (3-, 10-, 30-year refunding sales cut by $2b apiece). #US $USD
US Treasury: SOFR-linked floating note not needed at this time. #US $USD
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$XAU
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3 Nov
US crude oil futures fall below $82/bbl, down 2.3% on the day; Brent crude oil futures extend decline to 2%.
#OOTT
Crude oil futures fall further, WTI down 3%. #OOTT
Oil futures extend losses, Brent crude down $2 a barrel. #OOTT
Read 4 tweets
2 Nov
#China's most-traded #IronOre futures, thermal #coal futures fall about 3% in night session.
Thermal #coal futures traded on ZCE trim losses rapidly, last down 0.9%. #China
SHFE #SteelRebar futures fall about 2.4% as #IronOre futures extend decline to more than 4%. #China
Read 5 tweets
2 Nov
China's premier Li Keqiang: China's economy is facing new downward pressure. China to make cross-cyclical adjustments and formulate a new combination of tax and fee reduction policies.
#China $CNY
China's premier Li Keqiang: China to crack down on monopoly, unfair competition, hoarding, and price gouging.
#China $CNY #commodities
China's vice premier Han Zheng urges ensuring energy supply, restoring power generation capacity to normal ASAP.
#China #coal #energycrunch
Read 4 tweets
2 Nov
The most-traded #ironore contract fell below 600 yuan per ton, down 5.65%, for the first time since May 2020.
SGX #ironore index futures due December fells more than 3%.
#China #future Image
The most-traded #ironore contract extended its decline to 8.04% at 577.5 yuan/ton. Image
The most-traded #ironore contract in #China dives to the limit down.
SGX #ironore future plunges 7%.
Iron ore stockpiles in 7 major ports from Australia and Brazil recorded 12.92 mln tons from Oct.25-31, rosed by 0.33 mln tons w/w, slightly above 2021 average, data shows. Image
Read 5 tweets

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